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...June 8 General Motors will be delisted from the Dow Jones industrial average. GM shares then trade, in a limited fashion, on the Pink Sheets, an electronic over-the-counter system for companies that don't meet major exchange listing standards...

Author: /time Magazine | Title: Spotlight: The Future of GM | 6/15/2009 | See Source »

With apologies to Apple Pie, bankruptcy is as American as it gets. From the earliest days of the Republic to General Motors' June 1 filing for Chapter 11, debt relief has been at the center of a tug-of-war between competing Yankee principles: reinvention and responsibility...

Author: /time Magazine | Title: A Brief History Of: Bankruptcy | 6/15/2009 | See Source »

...Here we are at the deathbed of General Motors. The company's body not yet cold, and I find myself filled with--dare I say it--joy.' MICHAEL MOORE, Michigan native and director of the 1989 anti-GM documentary Roger & Me, after the automaker filed for bankruptcy on June...

Author: /time Magazine | Title: Verbatim | 6/15/2009 | See Source »

...hear the Beach Boys in Veckatimest's harmonies and The Band in the general spirit of craftsmanship and fraternity. But over the course of 52 minutes, you also hear what's missing: tension. Even though there are flashes of experimentation (NYU-educated, these boys have admirably eclectic taste in instruments) and plenty of minor chords, Grizzly Bear's politeness is a little oppressive. Without a hint of vocal darkness or a sudden stab of musical chaos, the lyrics gradually dissolve into a series of gumdrops, and the falsetto harmonies lose some of their charm; at its lowest, Veckatimest sounds like...

Author: /time Magazine | Title: Meow | 6/15/2009 | See Source »

...Increasing public scrutiny of the tobacco industry finally came to a head in 1964 when the U.S. Surgeon General, Luther Terry, released his Advisory Committee Report on Smoking and Health. The staggeringly comprehensive report was based on more than 7,000 scientific studies linking smoking with lung cancer, emphysema and other diseases. The report led a surge in restrictive legislation, including mandatory warning labels on packages and a ban on advertising on radio or television. Tobacco companies in return simply changed strategy, advertising to younger markets with candy cigarettes and mascots like Joe Camel - whom a 1991 study found...

Author: /time Magazine | Title: Cigarette Advertising | 6/15/2009 | See Source »

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